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Jan 15, 2013
01/13
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raise the debt ceiling or risk a u.s. downgrade. >> markets are in a holding pattern until the debt ceiling fight is over and the backdrop for the fitch warning is quite different this time around, and pete will explain why in just a moment. just said to you during the break. a heck of a holding pattern if that's what the market is in. plenty of sectors hitting new highs right now. no question about it. this is the year that we springboard up now. not just to climb the wall of worry. get through the debt ceiling debate, continuing resolution. it's going to be bumpy. we'll take full advantage of a market falldown during that period because you've got three main things going for you. housing turning for real, not just an inventory real liquiification and foreclosures. all that have stuff turning for real. it will turn into unemployment back half of the year. a little better transparency on fiscal policy. not necessarily the fix but the transparency. business cap "x" second half of the year and every single central bank in t
raise the debt ceiling or risk a u.s. downgrade. >> markets are in a holding pattern until the debt ceiling fight is over and the backdrop for the fitch warning is quite different this time around, and pete will explain why in just a moment. just said to you during the break. a heck of a holding pattern if that's what the market is in. plenty of sectors hitting new highs right now. no question about it. this is the year that we springboard up now. not just to climb the wall of worry. get...
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Jan 16, 2013
01/13
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we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need restraint of a debt ceiling to prevent the spending from even going further? >> no. and it doesn't restrain spending at all. congress makes the decisions as to what to spend, what the level of taxation should be, what the level of spending should be. the debt ceiling is just there and, says you can not pay the bills that you voted to incur a year ago and two years ago and three years ago. and that is just wrong. now it used to be harmless in that the debt ceiling would be raised with a little demagoguing here and there but no one ever seriously suggested not raising it. it w
we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you. david: i do set this that up as a compliment to criticize you, i look at a debt ceiling which started at 10 billion, 10 trillion dollars when the president came into office. it is now $16 trillion. don't we need...
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Oct 4, 2013
10/13
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people are still going to be buying coca- cola,debt ceiling or no debt ceiling." "if you think maybe there will be a little bit of a sell-off because of the debt ceiling debate, i think that's an opportunity, that if happens, maybe you're in an equity, a balanced portfolio and you get to rebalance off-cycle. maybe if you're adding cash, you take that opportunity to add. but regardless of the political dysfunction, we know one thing: at some point, it resolves itself." "we do believe some markets have some challenges, especially in emerging markets, we have seen, there is some sort of outflow that just happened, but the pensions that we are working with are thinking about more long-term growth prospects." until a resolution comes out of washington , money managers tell us for the most part they are using conservative investing strategies. the labor department's monthly unemployment report is not being released during the government shutdown. despite that, there are indications that job growth continues but the shutdown may affect hiring at the top in the private se
people are still going to be buying coca- cola,debt ceiling or no debt ceiling." "if you think maybe there will be a little bit of a sell-off because of the debt ceiling debate, i think that's an opportunity, that if happens, maybe you're in an equity, a balanced portfolio and you get to rebalance off-cycle. maybe if you're adding cash, you take that opportunity to add. but regardless of the political dysfunction, we know one thing: at some point, it resolves itself." "we do...
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Jan 16, 2013
01/13
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and speaking out on the debt ceiling showdown. as we head to break, look at the early movers here on wall street. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. ♪ you know my heart burns for you... ♪ i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief s! >>> the board of jpmorgan cutting jamie dimon's pay by 50% in light of a multibillion dollar loss last year. down from $23 million from the year before. that brings us to this morning's squawk on the tweet. how might jamie dimon tighten his belt. tweet us at squawk street. there's a lot of -- i don't want to say hatred, but ill wi
and speaking out on the debt ceiling showdown. as we head to break, look at the early movers here on wall street. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price"...
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Sep 25, 2013
09/13
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also, news on the debt ceiling. a letter from the treasury secretary says the point that they have to raise the debt ceiling by in congress is october 17th. however, the congressional budget office is now with the new estimates in october 22nd. when you talk about every day government expenditures, how much they spend, how much is taken from tax receipts to make changes each day. the states could change, but the message from the administration, get moving on increasing the debt ceiling and we will negotiate over it. back to you. liz: it looks like deadlock ahead. you have to hear this because we were talking about this in our morning meeting. the marathon speech where he did take that book, green eggs and hand, the crack -- classic. he said he was reading it to his daughter is in no doubt were back at his home watching on tv. we thought, let's check the impact on sales. know the immediate impact on green eggs and ham book sales, but we are a business network. i don't want to do any story unless they're is a business
also, news on the debt ceiling. a letter from the treasury secretary says the point that they have to raise the debt ceiling by in congress is october 17th. however, the congressional budget office is now with the new estimates in october 22nd. when you talk about every day government expenditures, how much they spend, how much is taken from tax receipts to make changes each day. the states could change, but the message from the administration, get moving on increasing the debt ceiling and we...
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Oct 11, 2013
10/13
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MSNBC
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of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort of talk or discussion of some way of actually taking away this debt ceiling threat for the longer term? >> i think it's a possibility that could be in the cards in the larger budget discussion that you'd end up having between republicans and democrats trying to craft something after a temporarily debt ceiling increase, a temporary extension of the u.s. government. but krystal, i don't think we know how long the debt ceiling will be increased for. house republicans yesterday were talking about a six-week extension. but it could be longer than that. we just don't know any kind of the details ye
of the debt ceiling and remove the ability for people to use the debt ceiling to take us hostage by using what mitch mcconnell proposed to get us out of the 2011 debt ceiling crisis and what he did and what's being called the mcconnell rule. he allowed the president to unilaterally raise the debt ceiling and congress can vote to disapprove. if the president wants the debt ceiling to be raised, he has to veto that measure and it could be overridden by two thirds of both houses. is there any sort...
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Nov 11, 2013
11/13
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i was wondering, for me, once the debt ceiling issue, if it's put to bed, i overweight the u.s. >> the u.s. represents 50% of the world's capital markets right now. and we're approximately 20% of worldwide gdp. so if i'm an investor thinking about putting a portfolio together, you start with the market weighting of 50%, most investors are i think are largely invested in the u.s. than that have and less than 50% of portfolios in foreign markets i'm think that, yes, i would take a look at u.s. market and i would stay diversified why limit yourself to one you'd curve with everything going on with the u.s. government, interest rate changes, inflation, deflation, i think diversifying across yield curves, across markets makes good sense. >> take a look at emerging markets, when the shutdown occurred, those markets came down significantly. so the reason why you invest in the u.s. is because you have transparent accounting, you shouldn't be 100% there but should be in my view 50% there, and countries such as brazil, where the economy's not going so well, india, not going so well. countries tha
i was wondering, for me, once the debt ceiling issue, if it's put to bed, i overweight the u.s. >> the u.s. represents 50% of the world's capital markets right now. and we're approximately 20% of worldwide gdp. so if i'm an investor thinking about putting a portfolio together, you start with the market weighting of 50%, most investors are i think are largely invested in the u.s. than that have and less than 50% of portfolios in foreign markets i'm think that, yes, i would take a look at...
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Oct 12, 2013
10/13
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if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling without their approval. when krugman says it, one way or another, the president could simply choose to defy congress and ignore the debt ceiling, wouldn't this also be breaking the law? maybe, maybe not, opinions differ, but not making good on resolutions also break the law. and why not choose the one that hurts america the least? krugman is saying, if you have to, raise that sucker on your own. >> going back to the other point about the deniers, this actually isn't a new sentiment. this goes back to even 2011, there were republicans on the hill saying, well, the debt ceiling not passing, that doesn't mean we're necessa
if we fool around and screw around the way we are with this debt ceiling, if we breach the debt ceiling, we are sacrificing in a matter of days hundreds of years of what we've built up in that regard. >> elahe, because of that? >> it sounds hyperbolic, but i really mean what i'm saying. >> because of that, paul krugman wrote this week, they are forcing the president into doing something illegal, not protect the full faith and credit of the u.s., or raise the debt ceiling...
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Jan 15, 2013
01/13
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bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit rating. >> the metaphors, jim, whether it's a family not paying the credit card bills, the president saying it's like dining and dashing at a restaurant, the only thing is we've got two weeks of respite and then we're off to the races again. >> after the civil war, there was tremendous partisanship in this country. a tumultuous time. the level of bipartisanship. there's such hatred that you can't get in a room. it never seems like obama gets in the room. biden got in the room beforehand. but look, everybody hates each other down there. it's exactly the opposite of what you would expect from a respected nation
bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit...
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Jan 13, 2013
01/13
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CNNW
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that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cnn says that has no relation to spending. >> that's right, rush, the debt ceiling was create sod the congress wouldn't constantly need to authorize congress to borrow to raise more money. it doesn't au
that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan...
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Jan 14, 2013
01/13
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house over the coming brawl over the debt ceiling. administration officials in a series of statements and discussions saying that all the cool, clever and quirky ideas that people have been talking about to avoid the debt ceiling are off the table. the administration in one form or another over the past several weeks has rejected the platinum coin idea. that was on saturday. scrips or ious issued by the government. and asset sales, which is another thing that's been making the rounds. jay carney on saturday saying there are only two options for putting the nation into default. others say the ideas put off the debt ceiling problem, or make the country look like a banana republic. some house republicans are seriously considering putting the nation into default. po lit ohco in a story this morning said default is becoming more widespread and getting more serious traction than people realize. kathy mcmorris rogers telling politico i think it's possible we would should down the government to make president obama understands that we are ser
house over the coming brawl over the debt ceiling. administration officials in a series of statements and discussions saying that all the cool, clever and quirky ideas that people have been talking about to avoid the debt ceiling are off the table. the administration in one form or another over the past several weeks has rejected the platinum coin idea. that was on saturday. scrips or ious issued by the government. and asset sales, which is another thing that's been making the rounds. jay...
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Jan 15, 2013
01/13
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ceiling and debt negotiations. i think it's helped gold also as people look for safety. >> do you agree that the platinum and rally has helped gold and do you think we can look at this platinum rally and make a bigger indication of what is happening in the economy? some people say it's an indication that things are really turning around? >> jackie, i think it's too heavy. the anglo american platinum pulls off 400,000 ounces of platinum per year. that's almost 7% of global demand -- production, rather. that sends the market up. when i got up this morning and looked at the screen, platinum made that 3% today. i looked at the metal sector and looked at things that were undervalued. i think gold short term will benefit but long term i think platinum is going to be a better bet. if platinum stays higher, than going through the latter part of the year, that could signal a change in the market sentiment. gold is your fear and platinum is going to be demand in manufacturing. that could signal a change but not yet. i think
ceiling and debt negotiations. i think it's helped gold also as people look for safety. >> do you agree that the platinum and rally has helped gold and do you think we can look at this platinum rally and make a bigger indication of what is happening in the economy? some people say it's an indication that things are really turning around? >> jackie, i think it's too heavy. the anglo american platinum pulls off 400,000 ounces of platinum per year. that's almost 7% of global demand --...
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of course that debt ceiling fight, the biggest one of the year. the house plans on passing a bill that would soon allow the treasury department to prioritize debt payments white house minutes before interview the president would veto saying it is up to congress to pass a clean increase in the debt ceiling. we asked the speaker about that white house veto threat. >> you know the president can say this but y know, he is the person who, when he was united states senator voted against increasing the debt limit. this is always become a political football. the federal government has spent more than what it brought in for 55 of the la 60 years. this year we'll have the highest amount of revenue to our government we've ever had in our history and yet still have a trillion dollar budget deficit. we have a long-term spending problem that has to be resolved. and it will be resolved. and so, i don't know what it will take. republicans put our budget out, passed it back in march. democrats passed a budget in the senate. our budget balances over the next ten ye
of course that debt ceiling fight, the biggest one of the year. the house plans on passing a bill that would soon allow the treasury department to prioritize debt payments white house minutes before interview the president would veto saying it is up to congress to pass a clean increase in the debt ceiling. we asked the speaker about that white house veto threat. >> you know the president can say this but y know, he is the person who, when he was united states senator voted against...
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Oct 21, 2013
10/13
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FOXNEWSW
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ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pay expenses that medicare doesn't cover and lets you choose or keep any doctor who accepts medicare patients. call or go online and request your free decision guide. use this guide to help you choose from a range of aarp medicare supplement insurance plans. have the right partner at your side. consider an aarp medicare supplement insurance plan. go long. consider an aarp medicare supplement insurance plan. when you do what io, iyou think about risk.. i don't like the ups and downs of the market, but i can't just
ceiling ♪ raise the debt ceiling ♪ raise the debt ceiling ion core™ technology, it stops pain before it gets worse. nothing works faster. new fast acting advil. look for it in the white box. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it's so much better that way. ♪ [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare...
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Jan 3, 2013
01/13
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FOXNEWSW
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ceiling, he's right. >> wanting no fight over the debt ceiling? are you kidding me? what the president was saying was i'm the not going to play chicken with the debt limit. >> the president also wanted an unlimited debt ceiling increase. that's just, that's clearly somebody who is quite happy to go over the fiscal cliff. >> washington needs to be put on a mega diet. >> so this is the hollow victory, a victory of he revenue with no change in the nation's mark towards the coming breach. >> if we do not take out spending, then the cliff may not seem like a cliff, but will be a downward slide to make us like greece. >> and the republicans willing to tolerate a temporary partial government shutdown and insist that we get off the road to greece? because that's the road we're on right now. >> the uncertainly of whether or not we're going to deal with this deficit and the answer is sequestration, is still sort of undermined in the ability of business and investors. >> greta: and you just heard from him. congressman darrell issa, the country would go into
ceiling, he's right. >> wanting no fight over the debt ceiling? are you kidding me? what the president was saying was i'm the not going to play chicken with the debt limit. >> the president also wanted an unlimited debt ceiling increase. that's just, that's clearly somebody who is quite happy to go over the fiscal cliff. >> washington needs to be put on a mega diet. >> so this is the hollow victory, a victory of he revenue with no change in the nation's mark towards the...
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Jan 16, 2013
01/13
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CNBC
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that the debt ceiling is adjusted to accommodate the budget that we pass. and there is an enormous amount of hypocrisy going on. and i admit on the democratic side on the past, you know, it is like you going out and buying a refrigerator on your credit card and then 20 days later the bill shows up and you see you are over your debt limit, so you tell the freezer company, you're not paying it. the decision when you spend the money or raise taxes -- >> thank you very much for your answer. hope you will come back and join us again sometime. >> thank you. >> second inauguration of president obama takes place on monday, january 21st. that will martin luther king, jr. he will be sworn in on the day before, the 20th, as per the constitution. i will host a special cnbc event. it begins at 11:00 a.m. eastern time. that is, monday, martin luther king, jr. day. >> sue? >> ty, shares of lululemon continue to be under pressure on the back of the latest outlook. what is ahead for the yoga appear el maker? courtney is live in miami. courtney? ♪ ♪ ♪ [ male announcer
that the debt ceiling is adjusted to accommodate the budget that we pass. and there is an enormous amount of hypocrisy going on. and i admit on the democratic side on the past, you know, it is like you going out and buying a refrigerator on your credit card and then 20 days later the bill shows up and you see you are over your debt limit, so you tell the freezer company, you're not paying it. the decision when you spend the money or raise taxes -- >> thank you very much for your answer....
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Sep 13, 2013
09/13
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i'm concentrating on the debt ceiling debate. if you remember it was the debt crisis in europe and downgrade of the u.s. coincident with gold price at 1900 and higher. so that is more interesting to me. the only thing i'll say i don't like to make short-term predictions in terms of price, but if we get below 1283 and spend a little value there, spend a little bit of time there, it's highly likely we're going to visit the bottom end of the range, maybe 1180 and see what we can find beneath there. >> paul, thank you very much. have a great weekend. bob, see you later. all right. ty, up to you. >> thank you very much. a look at intel which has been moving higher by 69 cents, 2332 the quote right now. jeffrey upgrading the chipmaker to buy or says in this prompter to buy buy from hold and upping its price target to $30 a share and the company is poised to gain market share in sub500 tablets. stock up about 12% for the year. >>> and safeway gaining ground as well. closing in on a 52-week high. credit suisse upgrading the supermarket t
i'm concentrating on the debt ceiling debate. if you remember it was the debt crisis in europe and downgrade of the u.s. coincident with gold price at 1900 and higher. so that is more interesting to me. the only thing i'll say i don't like to make short-term predictions in terms of price, but if we get below 1283 and spend a little value there, spend a little bit of time there, it's highly likely we're going to visit the bottom end of the range, maybe 1180 and see what we can find beneath...
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Jan 6, 2013
01/13
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CNNW
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can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt c
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the...
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Jan 15, 2013
01/13
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ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating. >> but the chairman was fairly upbeat on the outlook for u.s. growth. but, gave no clear hints on when the fed would curb its aggressive bond purchases. we'll have more on the debt ceiling in the next hour when we speak to senator rob portman. you guys, wilbur, you also said we have -- we are fully ready with inflation, we have all the tools we need to exit. >> well, i caution a little bit. historically the fed has always bought short-term paper and it's easy then to raise the interest rates. again you let the paper roll off, you sell it. now they've been buying long-term paper. rates start to go up, fed cou
ceiling to avoid a potentially disastrous debt default. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying oh, i know how we can save money we won't pay our credit card bills. not the most effective way to improve your credit rating. >>...
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Jan 16, 2013
01/13
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debt ceiling. the coke group americans for prosperity is urging restraint from republicans during the negotiations. these guys you said are on the right have moved to those guys you said were in the center, some of them, anyway, right? >> i think -- >> these guys are folding, caving. they know obama has them on the run, as far as public opinion. they're running off -- >> nothing is ever simple. the debt ceiling is only 1 of 3. >> you'd sequester -- >> i think we will see the sequester, the path of least resistance. congress has to do something to prevent the sequester and the president agree to it. it's unlikely, 1$1.2 trillion, using the dollar for dollar basis, do it twice and -- >> have you seen "41," movie, "41." i saw a couple clips and president bush talking about the nixon year, because he was there and what was it like to be a republican. he said it was not a great time to be a republican at the end of the nixon era and the prospects for the party didn't look very positive. i don't know. it
debt ceiling. the coke group americans for prosperity is urging restraint from republicans during the negotiations. these guys you said are on the right have moved to those guys you said were in the center, some of them, anyway, right? >> i think -- >> these guys are folding, caving. they know obama has them on the run, as far as public opinion. they're running off -- >> nothing is ever simple. the debt ceiling is only 1 of 3. >> you'd sequester -- >> i think we...
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Oct 16, 2013
10/13
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then in february for the debt ceiling. we'll have to either go through this process again, or as mr. costa was talking about, perhaps this sets the table for discussion on longer term debt situations, whether in tax reform or entitlement payments. if this sets something up where we have adult at the table, they can get clarity out of washington. i think that would be very much of a positive result. >> yeah, the adults here. a lot of investors haven't stuck around for the dysfunction. they've headed offshore. foreign stocks have been the beneficiary recently as people have been dumping out of u.s. stocks or mutual funds. you know, now it looks like a deal is imminent. do you think we'll see that being reversed and that maybe we'll start to be the beneficiary and start outperforming in equities or is that not a scenario you see? >> that's a really good question. one of the reasons wasn't necessarily because you're getting out of u.s. because of dysfunctions or disarray, it's because multiples are high. if you look at chasing
then in february for the debt ceiling. we'll have to either go through this process again, or as mr. costa was talking about, perhaps this sets the table for discussion on longer term debt situations, whether in tax reform or entitlement payments. if this sets something up where we have adult at the table, they can get clarity out of washington. i think that would be very much of a positive result. >> yeah, the adults here. a lot of investors haven't stuck around for the dysfunction....
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Oct 16, 2013
10/13
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second thing on the debt ceiling, the debt ceiling is extended until february but also being extended without any provisions that stop the treasury from using extraordinary measures to stretch out the ability to pay bills. that actually extends the debt ceiling into next summer, really, effectively. we put off the debt ceiling, potential for another debt ceiling crisis further than people may realize, if this deal gets through as written right now. tracy: that's a good point. ashley: gerri willis you like to talk about main street. what does it mean to the average person ut there watching all this? i know they're disgusted. they can do something about it when they go vote next time. >> that is the big question, how do people respond to republican as going through this? i think they will get the blame. i think they catch all the blame for this. what is more it is double jeopardy. they could have pointed out what is going on with obamacare. allowed people see problems wit. they fought that fight that they couldn't win. ashley: what was achieved. >> not a turn thing i should say. tracy:
second thing on the debt ceiling, the debt ceiling is extended until february but also being extended without any provisions that stop the treasury from using extraordinary measures to stretch out the ability to pay bills. that actually extends the debt ceiling into next summer, really, effectively. we put off the debt ceiling, potential for another debt ceiling crisis further than people may realize, if this deal gets through as written right now. tracy: that's a good point. ashley: gerri...
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Sep 13, 2013
09/13
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debt ceiling showdown and budget battle, there is the speculation who will follow bernanke. investors look for hints of possible deals inside the belt kay. lori: are there any signs of compromise or a fed appointment on the horizon? peter barnes joins us live from washington, d.c. with the latest. peter what are you hearing? >> hello, lori and david. let's start with the fed chairmanship t could be harder for larry summers to win confirmation, if the president nominates him, jon tester, a democrat plans to vote no on summers according to his spokesperson, telling us that today. he would tester would join three other democrats on the senate banking committee who would oppose summers as fed chairman in confirmation hearings according to "wall street journal." they are senators elizabeth warren and jeff merkley sherrod brown. here is how the math works. there are 12 democrats and 10 republicans. no republicans have come out in support of summers yet. if he were sent up and this were the vote he would fail. he would not get out of, his nomination would not get out of the committ
debt ceiling showdown and budget battle, there is the speculation who will follow bernanke. investors look for hints of possible deals inside the belt kay. lori: are there any signs of compromise or a fed appointment on the horizon? peter barnes joins us live from washington, d.c. with the latest. peter what are you hearing? >> hello, lori and david. let's start with the fed chairmanship t could be harder for larry summers to win confirmation, if the president nominates him, jon tester, a...
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Jan 18, 2013
01/13
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debt ceiling all together. liz: plus we have the bond king of canada who knows plenty about our markets. five years ago he said that investors had the opportunity of a lifetime to buy stocks, just as we hit bottom, and we saw that bubble explode. well, he was right. now, what is he saying? 2013 holds the second buy of a lifetime? what is it? and how can you take advantage of it? he is here to talk about it. david: liz has that interview all to herself because i can't begin to pronounce his name. let's tell you what drove the markets. mixed day on wall street with s&p and dow closing in the green. all three major indices ending the week higher. industrials and energy were today's top performing sectors while technology was the only sector ending the day lower. and oil ending the week in the green after the international energy agency raised its global oil demand forecast for the whole year. crude's settling the week up 2.1% at $95.56 a barrel and consumer confidence falling for the second month in a row, droppin
debt ceiling all together. liz: plus we have the bond king of canada who knows plenty about our markets. five years ago he said that investors had the opportunity of a lifetime to buy stocks, just as we hit bottom, and we saw that bubble explode. well, he was right. now, what is he saying? 2013 holds the second buy of a lifetime? what is it? and how can you take advantage of it? he is here to talk about it. david: liz has that interview all to herself because i can't begin to pronounce his...
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Jan 17, 2013
01/13
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let's talk about the debt ceiling debate. we are all focused on this week and the president has been talking about it. what is your view on whether spending cuts should be part of the debt ceiling debate? i think that would be a serious mistake. i'm a republican, i have been so since i voted for ike in 1962 and let me tell you ie mistake. you are not talking about one thing that has to do with cutting spending. you're talking about everything and he paying your debts of the guys in the congress talk about an republican republicans drama. and every one of them has something to do with wanting ... and now you have to pay it. and you better pay and where your country is clearly facing a dire consequences. it shows that you don't give a whit about who's president. >> do you agree with the president and you think that we are risking what? a selloff in the market? 2001. >> what's going to happen if it comes to the worst case scenario here? >> somebody will say, don't forget, we all $16.4 trillion. half of that is owned by private p
let's talk about the debt ceiling debate. we are all focused on this week and the president has been talking about it. what is your view on whether spending cuts should be part of the debt ceiling debate? i think that would be a serious mistake. i'm a republican, i have been so since i voted for ike in 1962 and let me tell you ie mistake. you are not talking about one thing that has to do with cutting spending. you're talking about everything and he paying your debts of the guys in the congress...
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Sep 26, 2013
09/13
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we don't get this debt ceiling down and have an action plan moving forward with how to reduce our debt. this morphine drip, should we need new highs. sentiment down here, volatility going crazy. things like gold, hundred dollar range is a matter of one week. traders right now really believe that there is -- of the reserve currency. liz: speaking of which, let me interrupt you. the dollar moving slightly up, slightly down. as the euro is bumping up against the dollar 306, people are wondering, and you can jump in here. orel is to nominated in dollars. the euro is getting awfully close to 135. the dollar is not great. is it that reserve currency still? >> i agree. i think so. absolutely. i think you are seeing the price of oil, of. going florida think you could see that happening. liz: i think so. let's take a look at the energy complex. all green. i'm seeing in all move fire. >> we were trading one have made dollars. i was looking to you saying, ready for a move to the $90. look where we are, $103. we tried to get through. it did not happen. the villain back. and looking at the 98. if y
we don't get this debt ceiling down and have an action plan moving forward with how to reduce our debt. this morphine drip, should we need new highs. sentiment down here, volatility going crazy. things like gold, hundred dollar range is a matter of one week. traders right now really believe that there is -- of the reserve currency. liz: speaking of which, let me interrupt you. the dollar moving slightly up, slightly down. as the euro is bumping up against the dollar 306, people are wondering,...
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Jan 15, 2013
01/13
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CSPAN
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the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it leaves a number of issues still on the table and traditional negotiations are looming. would you characterize that as an additional cliff that is facing us? or do you think it
the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in...
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Oct 16, 2013
10/13
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the debt ceiling. i think it's a negative if we don't have a little messiness because we're kicking the biggest campbell's soup can down the road and that seems to be the biggest norm. >> as he said. >> thanks, everybody. >> it occurs to me, there's this inverse relationship that's developed. wall street is near an all-time high as washington hits a new all-time low, don't you think? quite an arbitrage. headed to the close with 50 minutes left. art cashin was signaling we have a slight upward buy. not huge. would he keep an eye on it with the dow up 157 points. >> we'll get the take of our next guest, how is blackrock ceo larry fink dealing with the dysfunction in d.c.? here's here in an exclusive coming up. >> all eyes may be on washington but we're not forgetting about key earnings reports. ibm coming out tonight, ebay, american express also. we'll have instant analysis and reaction to all those numbers later on the "closing bell." in today's markets, a lot can happen in a second. with fidelity's gua
the debt ceiling. i think it's a negative if we don't have a little messiness because we're kicking the biggest campbell's soup can down the road and that seems to be the biggest norm. >> as he said. >> thanks, everybody. >> it occurs to me, there's this inverse relationship that's developed. wall street is near an all-time high as washington hits a new all-time low, don't you think? quite an arbitrage. headed to the close with 50 minutes left. art cashin was signaling we have...
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Oct 18, 2013
10/13
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debt today saying quote, the latest raise of the debt ceiling shows the government's incapability in improving solvency by economic and fiscal elements. >> they in 1995 pegged their currency to the dollar thinking the dollar was a stable anchor. they lost faith. >> reporter: there are fears china could sell a lot of u.s. treasuries that could spike interest rates sharply higher but those fears are unfounded. >> if the chinese sold a lot of it to someone else, it would push the price down, that the not in someone else's interest. >> reporter: they don't have many choices when it comes to investing large amounts of money. other countries don't have enough debt to buy. >> part of the frustration is they don't have a real easy alternative strategy for doing well in the world, other than holding u.s. financial assets and wanting to collaborate with the united states. >> reporter: sitill, it's clear they are trying to find alternatives. >> i've had private conversation with chinese leaders where instability in terms of bail juju outs, qe is of grave concern to the chinese. >> reporter: con
debt today saying quote, the latest raise of the debt ceiling shows the government's incapability in improving solvency by economic and fiscal elements. >> they in 1995 pegged their currency to the dollar thinking the dollar was a stable anchor. they lost faith. >> reporter: there are fears china could sell a lot of u.s. treasuries that could spike interest rates sharply higher but those fears are unfounded. >> if the chinese sold a lot of it to someone else, it would push the...
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Oct 17, 2013
10/13
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debt today saying quote, the latest raise of the debt ceiling shows the government's incapability in improving solvency by economic and fiscal elements. >> they in 1995 pegged their currency to the dollar thinking the dollar was a stable anchor. they lost faith. >> reporter: there are fears china could sell a lot of u.s. treasuries that could spike interest rates sharply higher but those fears are unfounded. >> if the chinese sold a lot of it to someone else, it would push the price down, that the not in someone else's interest. >> reporter: they don't have many choices when it comes to investing large amounts of money. other countries don't have enough debt to buy. >> part of the frustration is they don't have a real easy alternative strategy for doing well in the world, other than holding u.s. financial assets and wanting to collaborate with the united states. >> reporter: sitill, it's clear they are trying to find alternatives. >> i've had private conversation with chinese leaders where instability in terms of bail juju outs, qe is of grave concern to the chinese. >> reporter: con
debt today saying quote, the latest raise of the debt ceiling shows the government's incapability in improving solvency by economic and fiscal elements. >> they in 1995 pegged their currency to the dollar thinking the dollar was a stable anchor. they lost faith. >> reporter: there are fears china could sell a lot of u.s. treasuries that could spike interest rates sharply higher but those fears are unfounded. >> if the chinese sold a lot of it to someone else, it would push the...
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Jan 12, 2013
01/13
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that's what the debt ceiling is all about. and the irony is the 14th amendment argument actually could work both ways. arguably the debt ceiling itself is unconstitutional. because it questions the validity of the national debt. the debt that congress has already racked up. >> no. it questions the appropriateness of raising the debt. that's the issue. jimmy, i want to go here. is there anybody on the republican side who is saying we want to default on the debt? is there anybody on the republican side that says we're not going to raise the debt ceiling? >> no. nobody thinks that's a good idea to default on the debt. going past the debt ceiling i think that's not a great idea. but theoretically there's enough money coming in to pay the debt. you could pay people getting social security. that's really not the point. the point is whether there is at some point are there -- i think there should be actual spending cuts. listen. cut spending today. cut spending tomorrow. but cut spending sometime somewhere. but we're not doing that.
that's what the debt ceiling is all about. and the irony is the 14th amendment argument actually could work both ways. arguably the debt ceiling itself is unconstitutional. because it questions the validity of the national debt. the debt that congress has already racked up. >> no. it questions the appropriateness of raising the debt. that's the issue. jimmy, i want to go here. is there anybody on the republican side who is saying we want to default on the debt? is there anybody on the...
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Jan 12, 2013
01/13
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what the debt ceiling allows -- what the debt ceiling allows congress to do is continue to deficit spend. if we would stop incurring deaf zits we wouldn't need to increase the debt ceiling. it's not about paying past bills. you get into the cash flow aspect of this thing. in order to increase the debt ceiling we are actually just basically giving the president the authority to put that debt burden on our children and grandchildren. it's not about spending at all. >> let me ask you a couple questions here. >> deficit spending. >> you said there's no doubt we are not going to default on our payments. the math indicates that if at some point we don't increase the debt ceiling, why won't we? >> our interest payment this year is under $250 billion. we're going to bring in $2.5 trillion in tax revenue, ten times what our interest servicing on the debt is. there are some casual aspects about turning over some debt but basically the only reason we have to increase the debt creeling is because we continue to deficit spend, spending a trillion dollars more than -- >> when you say we continue to de
what the debt ceiling allows -- what the debt ceiling allows congress to do is continue to deficit spend. if we would stop incurring deaf zits we wouldn't need to increase the debt ceiling. it's not about paying past bills. you get into the cash flow aspect of this thing. in order to increase the debt ceiling we are actually just basically giving the president the authority to put that debt burden on our children and grandchildren. it's not about spending at all. >> let me ask you a...
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still there all they did was increase america's debt load by another truly the debt ceiling we're part of the choice that's right because a lot of the five chile oh yeah something can happen in the u.k. you bet why because they're all fricken functionally so brain dead they all need to be euthanized oh this economy is going to create human species extinction. well this is shale oil they talk about in this article not shale gas and they're. also like shale gas requires constant new wells to emerge so it relies on the very first story we're talking about the never ending printing and this never ending purchasing of u.s. government debt by the fed and recycling this into the corrupt banking system so realize they always lie on each other to keep on spending and spending and spending as fast as possible and they're producing at breakneck speed all of these oil wells at the moment and david hughes a geo scientist and president of global sustainable research has examined the life span of shale wells the red queen syndrome just gets worse and worse he says the higher production goes the more
still there all they did was increase america's debt load by another truly the debt ceiling we're part of the choice that's right because a lot of the five chile oh yeah something can happen in the u.k. you bet why because they're all fricken functionally so brain dead they all need to be euthanized oh this economy is going to create human species extinction. well this is shale oil they talk about in this article not shale gas and they're. also like shale gas requires constant new wells to...
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Jan 14, 2013
01/13
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corral fight over raising the debt ceiling in a few weeks. president obama has already said he will not negotiate on raising the debt ceiling. here's what he said. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> and here's the response he got the next day from republican senator pat toomey of pennsylvania. >> our opportunity here is on the debt ceiling. the president's made it very clear; he doesn't even want to have a discussion about it, because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean, and insist that we get off the road to greece, because that's the road we're on right now. we only can solve this problem by getting spending under control and restructuring the entitlement programs. there is no tax solution to this. it's a spending solution.
corral fight over raising the debt ceiling in a few weeks. president obama has already said he will not negotiate on raising the debt ceiling. here's what he said. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> and here's the response he got the next day from republican senator pat toomey of...
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Oct 7, 2013
10/13
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is nobody worried about breaching the debt ceiling? >> everybody should be worried but we don't have this panic celloff that people might have anticipated. knowing these days were coming up specifically october 17th, a lot of investors and traders have priced in the risks. >> we are 2% off the all-time highs. we can't have priced in all of that much. >> a little more pricing is going to come in as days go on and as we continue. we are going to continue to see more measure. >> october 17th, that's not exactly the drop-dead deadline. >> it is not. there is continuing to be some push and pull. we see a lot of media appearances by the president. we saw treasurer lew. >> can we just ignore it all together? is it helping or hurting volumes here? >> i this i it is hurting volumes. people don't know what to do and how to may the market. we are into a new quarter. when is that going to come in? that waiting game is going to continue. >> what happens if the fed stays put or keeps quantitative easing going. >> i think it will pick up toward the e
is nobody worried about breaching the debt ceiling? >> everybody should be worried but we don't have this panic celloff that people might have anticipated. knowing these days were coming up specifically october 17th, a lot of investors and traders have priced in the risks. >> we are 2% off the all-time highs. we can't have priced in all of that much. >> a little more pricing is going to come in as days go on and as we continue. we are going to continue to see more measure....
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ceiling the debt ceiling is a kind of sorry try and quickly before we go because you wanted to mention it europe it's not over in two thousand and thirteen you say there are still issues you're looking at spain why well you know basically spain has five percent in terms of their a yield right now the deposits are coming back to the banks everything's hunky dory but the reality is that spain has a deficit they're going to continue to have to have funding needs they also have their regions that are locked out of the debt market they also have the banks which have housing prices that are falling and so they're going to need more capital and i'm out of time but you're saying this spells sovereign bailout in two thousand thirteen i think it's a spell solvability not just for spain but potentially for italy as well there you go europe is not over it's not out of the woods not even at all thank you edward harrison founder of credit write downs still ahead because bill gross warns investors about lurking inflationary dragons will discuss his advice in today's lease change and might les miserab
ceiling the debt ceiling is a kind of sorry try and quickly before we go because you wanted to mention it europe it's not over in two thousand and thirteen you say there are still issues you're looking at spain why well you know basically spain has five percent in terms of their a yield right now the deposits are coming back to the banks everything's hunky dory but the reality is that spain has a deficit they're going to continue to have to have funding needs they also have their regions that...
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ceiling and gone through the debt ceiling that would have caused. an economic catastrophe but i think way why you saw wall street not really getting too excited was they thought this whole negotiation was probably a farce and it turned out they were right it was the republicans felt like they had to ask and ask and ask in till finally they ran up against the deadline and they couldn't ask any more and then they would just let let things go on the way they've been going which you know either ed or less can get angry about from different directions but it is not leading us into any kind of immediate catastrophe if so. i think i think it's easy to get overexcited about exactly just how perilous the situation was the well i mean we are postponing it postponing it less if you can weigh in here because it is this kind of postponing doomsday here i mean and i agree with ed there on the on the debt level i mean you just can't keep going up and up i mean very serious questions have to be decided here and and that's ok go ahead let's you could get it up and u
ceiling and gone through the debt ceiling that would have caused. an economic catastrophe but i think way why you saw wall street not really getting too excited was they thought this whole negotiation was probably a farce and it turned out they were right it was the republicans felt like they had to ask and ask and ask in till finally they ran up against the deadline and they couldn't ask any more and then they would just let let things go on the way they've been going which you know either ed...
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Oct 16, 2013
10/13
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. >>> one day to go until the debt ceiling deadline. the ball is back in the senate's court this morning. meantime, fitch has put its triple a rating on negative watch meaning a downgrade could be in the offing. warren buffett weighed in earlier this morning on "squ "squawk." >> the led not to raise the debt ceiling after you've raised the money is really a political weapons of mass destruction. >> jim calls it akin to a poisonous gas, asanine to destroy your reputation after a couple of years. >> i don't think what buffett says means anything to the people who are against this deal. >> you never hear anyone from the other side. i think we're a three-party system. you never hear anyone from the third party -- how about we call this many patriots. what matters right now is we got to do this debt ceiling no matter what. i hear the patriot party saying we're all about the sol vevency our nation and -- >> the patriot party may not have a choice in the matter if we do get mcconnell and reid to present a compromised package to their caucuses
. >>> one day to go until the debt ceiling deadline. the ball is back in the senate's court this morning. meantime, fitch has put its triple a rating on negative watch meaning a downgrade could be in the offing. warren buffett weighed in earlier this morning on "squ "squawk." >> the led not to raise the debt ceiling after you've raised the money is really a political weapons of mass destruction. >> jim calls it akin to a poisonous gas, asanine to destroy your...
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Oct 8, 2013
10/13
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ALJAZAM
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ceiling they will not allow the united states to reach the debt ceiling. i don't know where the deal is going to come from because they've just do the to increase the debt ceiling. it might be a temporary deal. it might an permanent deal until we start understanding that it's the 15th of october, and we do not have a deal, the 17th is the day that we could start missing payments. you could see a reaction, but wall street is letting us play this out for a while. thethey're giving republicans a little bit of a cover right now, but that won't last for long. >> it is republicans aren't closely tied to wall street. there is a lot of republican money that comes from wall street and goes into traditional republican coffers. are they saying to republican politicians listen, you got to get us out of this otherwise we're not going to be writing those big checks to you? >> you would think that's the case. but from what i've been hearing and people i've been talking to, they're not. there are a lot of people on wall street. moneyed people who are telling republicans,
ceiling they will not allow the united states to reach the debt ceiling. i don't know where the deal is going to come from because they've just do the to increase the debt ceiling. it might be a temporary deal. it might an permanent deal until we start understanding that it's the 15th of october, and we do not have a deal, the 17th is the day that we could start missing payments. you could see a reaction, but wall street is letting us play this out for a while. thethey're giving republicans a...
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Sep 12, 2013
09/13
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CNBC
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particularly with the debt ceiling, the economy remains too fragile. we've had 100 bases point spike in the last two months. once you start screwing around with the debt ceiling more so than the continuing resolution, you're really talking about taking aim at an economy that's trying to recover. so i like nothing about this. i will say one thing, it is not totally clear to me that the way out of this means resolving the republican family squabbles. the way out of this is for john boehner to increase the debt ceiling with a bunch of democrats. i'm not saying you can swallow that. >> there's not going to be a clean bill. there might be a clean cr, maybe. there's not going to be a clean debt bill. jim, the reason i thought jared might like this is this is all republican fighting. >> i do like that part. >> i figured you would. jimmy, i think if the gop is not careful, they'll get themselves into a lot of hot water. >> listen, if some day they want to actually repeal and replace obama care, what they need to do is to win the senate and win the presidency.
particularly with the debt ceiling, the economy remains too fragile. we've had 100 bases point spike in the last two months. once you start screwing around with the debt ceiling more so than the continuing resolution, you're really talking about taking aim at an economy that's trying to recover. so i like nothing about this. i will say one thing, it is not totally clear to me that the way out of this means resolving the republican family squabbles. the way out of this is for john boehner to...
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still there all they did was increase america's debt load by another truly the debt ceiling well part of the choice that's right because a lot of the five chile oh yeah so it's going to happen in the u.k. you bet why because they're all fricken functionally so brain dead they all need to be euthanized oh this economy is going to create human species extinction. well this is shale oil they talk about in this article not shale gas and there it also like shale gas requires constant new wells to emerge so it relies on the very first story we're talking about the never ending printing and this never ending purchasing of u.s. government debt by the fed and recycling this into the corrupt banking system so realize they always lie on each other to keep on spending and spending and spending as fast as possible and they're producing at breakneck speed all of these oil wells at the moment and david hughes a geoscientist and president of global sustainable research has examined the life span of shale wells the red queen syndrome just gets worse and worse he says the higher production goes the mor
still there all they did was increase america's debt load by another truly the debt ceiling well part of the choice that's right because a lot of the five chile oh yeah so it's going to happen in the u.k. you bet why because they're all fricken functionally so brain dead they all need to be euthanized oh this economy is going to create human species extinction. well this is shale oil they talk about in this article not shale gas and there it also like shale gas requires constant new wells to...
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Jan 11, 2013
01/13
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KICU
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> > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with his nomination? > > i think at the end of the day he will probably get the nomination, but it won't be without a lot of skepticism and a lot of thought about whether or not they could have found a better person. > jim bianco, good to talk to you today. > > thank you. google's executive chairman ended his trip to north korea by endorsing the internet. eric schmidt told reporters this week that the country risks falling out of touch because of heavy internet regulations. the google exec stirred up controversy earlier this week when he flew to the eastern country in spite of criticism from the state department. north korea's citizens are obstructed from
> > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with his nomination? > > i think at the end of the day he will probably get...
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Jan 4, 2013
01/13
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there will be debate about that and the debt ceiling in march. there's going to be the continuing resolution that expires on march 27th. when i look at things like the debt ceiling or credit rating of the united states, that's a non-issue. you're right. that's the thing we should have learned back in august 2011. people don't pay attention to the credit rating agencies anymore, especially when it comes to sovereignty debt. >> if they cut enough time it starts to impact what the government has to pay for their debt. >> look at every institutional investor -- >> if it goes low enough some treasuries couldn't buy those because the rating wasn't high enough for them. >> if you look at every single institutional investor, they define that a u.s. treasury security is a separate investment independent of its credit rating. >> because it implies a aaa credit rating that it doblt even have right now. >> interest rates that the united states pay is what the united states want to charge it. >> why rate? >> i agree. >> it's pointless. >> they shouldn't. >> c
there will be debate about that and the debt ceiling in march. there's going to be the continuing resolution that expires on march 27th. when i look at things like the debt ceiling or credit rating of the united states, that's a non-issue. you're right. that's the thing we should have learned back in august 2011. people don't pay attention to the credit rating agencies anymore, especially when it comes to sovereignty debt. >> if they cut enough time it starts to impact what the government...